by Bruce Webb Well it is out and I have a copy. And no doubt in short order it will be up at the following web-page: http://www.ssa.gov/OACT/solvency/index.html but as of 10:43 AM PST it wasn’t. Because just like the SSA score of the Chairmen’s proposal there is a lag between release and web publication. I’ll […]
by Bruce Webb And by ‘framing’ I mean as in Film Noir gangster movies rather than Lakoffian terms. (Apropos of nothing, Prof. Lakoff gave me the worst grade I ever got in college, but felt so bad about it I wanted to tell HIM to ‘buck up’. Long time ago.) Peter Orszag has made quite […]
by Bruce Webb On Thursday I put up an extract from a SSA Office of the Actuary score of one of two of the Simpson-Bowles draft Social Security plans, that is the bottom line of Plan 2A Bottom Line Score on Simpson-Bowles. This post expands on that by including the cover letter and plan details […]
by Bruce WebbThe above though not yet widely released is a from a public document produced by the Social Security Office of the Chief Actuary. It shows the final results of the Simpson-Bowles Social Security proposal as percentage of benefits payable to various income levels compared to ‘scheduled’ and ‘payable’ benefits. Under current projections ‘payable’ […]
by Bruce Webb A year and a half ago I put up a post here called The Fierce Urgency of ‘Nothing’ whose conclusion was: “Nothing”. The numerically proven plan for Social Security since 1997. So you can imagine my gratification at running across the following by the co-author of the must read book from 1999 […]
by Bruce Webb Okay readers and Bears, give me a hand here, because some of our standard narrative on ‘unsustainable’ US debt seems to be turned on its head. The standard narrative is simple: we have $13 trillion in US Treasury debt, and most of it, or at least the new issuances are dependent on […]
by Bruce Webb Well I guess my reputation precedes me at least a little bit. Jed Graham of Investor’s Business Daily has devised a new fix for Social Security and published it as A Well Tailored Safety Net (link to chapter summary) and kindly offered to send me a copy to review. Well I am […]
by Bruce Webb In the past I have travelled or lived in most parts of the U.S. and in visiting the local tavern, bar or lounge am offered some choices in types and serving sizes of beer. Most places by answering ‘bottle’ to the question ‘bottle or draft’ you are locked into a measured 12″ […]
by Bruce Webb There is a great deal of chatter these days about how Obama lost ‘Progressives’, what Robert Gibbs derisively called the ‘Professional Left’ or the ‘Left of the Left’, and as an example you could read this from Peter Daou How a handful of liberal bloggers are bringing down the Obama presidency and […]
by Bruce Webb Are the Special Treasuries that make up the Social Security Trust Funds real? Absolutely, quite apart from legal and historical arguments the DI Trust Fund will be cashing in some $23 billion of them in 2010 along with taking some $9 billion [edit] in interest, their reality is affirmed every time a […]